UFIV vs. LQD
UFIV (F/m US Treasury 5 Year Note ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - UFIV is a Government Bonds fund tracking the ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Both are passively managed. Over the past 3 years, UFIV returned 3.12%/yr vs 4.95%/yr for LQD. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
UFIV vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, UFIV achieves a -0.60% return, which is significantly lower than LQD's 0.46% return.
UFIV
- 1D
- -0.15%
- 1M
- -0.24%
- YTD
- -0.60%
- 6M
- -0.75%
- 1Y
- 2.93%
- 3Y*
- 3.12%
- 5Y*
- —
- 10Y*
- —
LQD
- 1D
- -0.28%
- 1M
- 0.72%
- YTD
- 0.46%
- 6M
- -0.03%
- 1Y
- 6.08%
- 3Y*
- 4.95%
- 5Y*
- -0.04%
- 10Y*
- 2.52%
UFIV vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UFIV F/m US Treasury 5 Year Note ETF | -0.60% | 6.89% | 1.09% | 1.58% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.46% | 7.90% | 0.86% | 6.12% |
Correlation
The correlation between UFIV and LQD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023 | 0.85 |
The correlation between UFIV and LQD has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
UFIV vs. LQD — Risk / Return Rank
UFIV
LQD
UFIV vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 5 Year Note ETF (UFIV) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UFIV | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.83 | -0.74 |
| Martin ratioReturn relative to average drawdown | 3.26 | 5.23 | -1.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UFIV | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.14 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.54 | +0.10 |
Drawdowns
UFIV vs. LQD - Drawdown Comparison
The maximum UFIV drawdown since its inception was -5.63%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for UFIV and LQD.
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Drawdown Indicators
| UFIV | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -24.95% | +19.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -3.34% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -8.43% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -2.08% | -3.72% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -3.99% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.17% | -0.27% |
Volatility
UFIV vs. LQD - Volatility Comparison
The current volatility for F/m US Treasury 5 Year Note ETF (UFIV) is 1.00%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.65%. This indicates that UFIV experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UFIV | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.65% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 3.90% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 5.36% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 8.65% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 8.68% | -4.30% |
UFIV vs. LQD - Expense Ratio Comparison
Both UFIV and LQD have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UFIV vs. LQD - Dividend Comparison
UFIV's dividend yield for the trailing twelve months is around 3.57%, less than LQD's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.57% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
UFIV F/m US Treasury 5 Year Note ETF | 3.57% | 3.66% | 4.00% | 2.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UFIV and LQD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQD has higher volatility (1.65%) compared to UFIV (1.00%). In terms of maximum drawdown, UFIV dropped -5.63% vs LQD's -24.95%.
On 3-year performance, LQD leads with 4.95% vs 3.12% for UFIV. Both ETFs have the same 0.15% expense ratio. On volatility, UFIV has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, LQD has performed better with a 4.95% return vs 3.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UFIV and LQD have the same expense ratio: 0.15% per year.
LQD has the higher dividend yield at 4.57%, compared with 3.57% for UFIV.
UFIV is categorized as Government Bonds, while LQD is Corporate Bonds. UFIV tracks ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while LQD tracks iBoxx $ Liquid Investment Grade Index. They also come from different issuers: US Benchmark Series and iShares.
LQD currently has the higher Sharpe Ratio (1.14 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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